07 Feb 2022

China Aviation Industry Newsletter 7 February

China Tourism Academy: 2022 domestic travel revenue will recover to 70% of pre-pandemic level China Tourism Academy in its latest forecasts expects that domestic travel would grow by 16% to 3.98 billion trips and domestic tourism revenue would increase by 27% to RMB 3.8 trillion ($600.8 billion), rebounding to nearly 70% of pre-pandemic levels. The number of outbound tourists is estimated to increase by 20% year on year, back to 20%-30% of the 2019 level. Civil Aviation Administration of China (CAAC) Air Travel Rebounds during Spring Festival Civil Aviation Administration of China (CAAC) announced air travel rebounded during the seven-day Spring Festival holiday with 5.01 million passengers with up 42%  with  62,744 flights operating up 33% during the period 31st January to 6th February. Hainan Airlines expects to return to net profit for 2021 Hainan Airlines expects to return to net profit for last year following restructuring and a pickup in domestic travel. The airline expects to report a 2021 net profit of between RMB 4.5-6.2 billion ($708-975 million) after suffering a loss of RMB 64 billion a year earlier, it said in a stock filing. Iran in talks with China over 20-year airport renewal deal Iran’s national airport operator Iran Airport is in talks with the government of China over a programme of work to rebuild and upgrade the country’s airports over the next 20 years. Internal air travel in Iran is relatively common due to the country’s size. The Managing Director of Iran Airports Siavash Amir Mokri stated “There are 116 airports operating in Iran. There’s at least one operating airport in each province. Tehran (IKA) International Airport is the biggest airport located in the south of Tehran, the capital city of Iran. We definitely need new international airports in the future.” Xinjiang's Kashgar opens four new international air cargo routes China's Xinjiang Uygur Autonomous Region opened four new international air cargo routes in January in its efforts to further opening up, according to local authorities. These routes link Kashgar with Budapest (Hungary), Liege (Belgium) and Lahore and Islamabad (Pakistan) The Kashgar International Airport, the second largest of its kind in Xinjiang, has been serving as an international aviation logistics centre in southern Xinjiang and an important aviation channel for international trade between Kashgar and surrounding areas Acumen Aviation © 7 February 2022 All Rights Reserved.